Category Archives: Insider Trading

SEC Halts Fraudulent Cryptomining and Trading Scheme

(HedgeCo.Net) Founders allegedly promised big returns, instead used investments to fund lavish lifestyles. The Securities and Exchange Commission has announced fraud charges against MCC International Corp. (MCC), which does business as Mining Capital Coin Corp., its founders Luiz Carlos Capuci, […]

SEC Charges New Jersey-Based Securities Fraud Recidivist with Defrauding Investors

(HedgeCo.Net) The Securities and Exchange Commission has charged New Jersey resident and unregistered investment adviser, Mark Marchi, with defrauding investors in his fund Precipio Capital, LLC. According to the SEC’s complaint, between February 2016 and September 2020, Marchi solicited over […]

SEC Doubles Size of Enforcement’s Crypto Assets and Cyber Unit

(HedgeCo.Net) The Securities and Exchange Commission has announced the allocation of 20 additional positions to the unit responsible for protecting investors in crypto markets and from cyber-related threats. The newly renamed Crypto Assets and Cyber Unit (formerly known as the […]

SEC Charges CEO and President of Synergy Settlement Services with Fraudulent Operation of Special Needs Pooled Trusts

(HedgeCo.Net) Defendants allegedly used funds from deceased beneficiaries’ accounts on golf tournaments and beach parties. The Securities and Exchange Commission has announced fraud charges against Synergy Settlement Services, Inc., CEO Jason D. Lazarus, Esq., both based in Orlando, FL, and […]

Promoters of “Automated Cryptocurrency Fund” Charged with Fraud and Registration Violations

(HedgeCo.Net) The Securities and Exchange Commission has charged Block Bits Capital, LLC, Block Bits Capital GP I, LLC and their co-founders Japheth Dillman and David Mata, with conducting a fraudulent unregistered securities offering. The SEC alleges that the San Francisco-based […]

Medley Management and Former Co-CEOs to Pay $10 Million Penalty for Misleading Investors and Clients

(HedgeCo.Net) The Securities and Exchange Commission has charged publicly-traded asset manager Medley Management and its former co-CEOs, Brook B. Taube and Seth B. Taube, with making misrepresentations to investors and clients that created the illusion of Medley’s likely future growth. […]

SEC Updates List of Firms Using Inaccurate Information to Solicit Investors

(HedgeCo.Net) The Securities and Exchange Commission has announced its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 58 soliciting entities, 11 impersonators of genuine firms, and one bogus regulator. The SEC’s list of soliciting […]

Former Domino’s Pizza Accountant to Pay Nearly $2 Million Penalty for Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment requiring a Michigan-based former accountant at Domino’s Pizza Inc. to pay a penalty of nearly $2 million for insider trading in the company’s stock. The SEC’s complaint, filed April […]

SEC Charges Broker and Investment Adviser with Operating a Multi-Million Dollar Ponzi Scheme

(HedgeCo.Net) The Securities and Exchange Commission has filed an emergency action and charged Wilmington, North Carolina-based broker and investment adviser Shawn Good with defrauding clients and misappropriating millions of dollars of investor funds. According to the SEC’s complaint, filed in […]

SEC Charges Senior Executive of Brazilian Company with Fraud

(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Fernando Passos, the former executive vice president of finance and investor relations of Brazilian reinsurance company IRB Brasil Resseguros S.A., for allegedly planting a false story with the media and […]

SEC Uncovers $194 Million Stock Schemes that Spanned Three Continents

(HedgeCo.Net) The Securities and Exchange Commission has filed charges against 16 defendants, located in the Bahamas, the British Virgin Islands, Bulgaria, Canada, the Cayman Islands, Monaco, Spain, Turkey, and the United Kingdom, for participating in multi-year fraudulent penny stock schemes […]

SEC Obtains TRO and Asset Freeze against Alleged Perpetrators of nearly $450 Million Ponzi Scheme

(HedgeCo.Net) The Securities and Exchange Commission has announced charges and an asset freeze against several Las Vegas-area individuals and companies allegedly behind a nearly half-billion dollar Ponzi scheme involving purported personal injury settlements. The SEC charged certain defendants with violations […]